USA: Highlander Partners announces acquisition of Hillside Candy
Investment firm Highlander Partners has announced the acquisition of sugar confectionery firm Hillside Candy for an undisclosed amount. Hillside manufactures and markets organic, sugar-free confectionery products under the GoOrganic, GoLightly, Pick Your Color and Hillside Sweets brands. The product line predominantly consists of hard sweets but also includes fruit chews under the GoOrganic name. Products […]
USA: Diaz Foods acquires Frutel brand
Atlanta, USA based food distributor Diaz Foods has announced its acquisition of the Frutel brand from Origin Foods. Frutel is a yoghurt drink blended with whey protein and is available in flavours such as strawberry, banana, peach and mango. It claims to offer a natural energy boost and markets itself as a healthy treat, containing […]
Singapore: Jacobs Douwe Egberts makes offer for Super Group
Dutch coffee and tea company Jacobs Douwe Egberts has announced that it has made a pre-conditional offer to acquire all issued shares of Singaporean instant food-to-coffee maker Super Group for 1.45 billion SGD ($1.03 billion). Super Group manufactures instant coffee and tea, instant tea mixes and instant cereals, with a portfolio of over 160 instant […]
USA: Gores Holdings acquires Hostess Brands for $522 million
Gores Holdings, a special purpose acquisition company, has announced that it has completed its acquisition of bakery firm Hostess Brands for approximately $522 million in cash. The deal sees Gore Holdings take a majority stake in the company, with previous majority owners Apollo Global Management and C Dean Metropolous retaining a 42% minority interest. Hostess […]
UK: Marks & Spencer to open 200 Simply Food stores
Marks & Spencer, the UK grocery and clothing retailer, is planning to open 200 new Simply Food stores in the next five years, according to a report in Off Licence News. The move comes as the firm is reportedly planning on scaling back its clothing & homeware divisions in order to focus more heavily on […]
Portugal: El Corte Ingles invests in one hour delivery service
Spanish supermarket chain El Corte Ingles has introduced a new service that delivers online orders within the space of just one hour, according to a report in HiperSuper. According to the trade journal, the new service, called Click & Now, was introduced on 7th November and enables customers to choose from a selection of 20,000 […]
Australia: Woolworths launches ‘branded’ private label products
Australian supermarket chain Woolworths has introduced a new range of private label products with names that exclude Woolworths branding, News Limited reports. According to the article, the supermarket claims that the line – which includes new brands such as Smitten and Apollo pet food, Chevron batteries and Little Ones nappies, as well as the removal […]
USA: Bimbo to close two factories
The US division of bakery firm Bimbo is to close two production facilities by early 2017, according to a report in Food Business News. The firm’s Lubbock, TX facility is set to close by early January, Bimbo said, with production shifted to Rockwall, TX. The plant, which makes bread and buns, was initially acquired as […]
Japan:Meiji invests $47.9 million to expand functional yoghurt plant
Meiji, the Japanese food and pharmaceutical firm, plans on investing $47.9 million in order to expand capacity for functional yoghurt within its domestic operations. According to a report in FoodBev, the company will add an additional production line for the manufacture of the company’s functional yoghurt drinks at its Toda plant north of Tokyo, with […]
USA: Constellation Brands to buy brewing facility for $600 milllion
Constellation Brands, the US alcoholic drinks firm, has agreed to a deal to buy a brewing facility from Grupo Modelo, an Anheuser-Busch InBev subsidiary, at a cost of $600 million. The Mexican facility, located in Obregon will come under the control of Constellation once the deal has been completed. The company plans on increasing the […]